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$1.4 MILLION WIN FOR ELKY IN WPT FESTA DEL LAGO

Land and Internet poker pro Bertrand "Elky" Grospellier bested a stellar field of 368 entrants to win the WPT Festa del Lago tournament at the Belaggio last week. Entrants paid an expensive $15 000 buy-in for the event, which generated a record prize pool in excess of 5.3 million, ensuring that six figure payouts extended as far as the eighth position at the final table, and that even contestants in the 41st-50th placving band received $21 315.Pokerstars
 
On the Tuesday alone there were 45 previous World Poker Tour winners at the felt including Erick Lindgren, Michael Mizrachi, Roland de Wolfe, Barry Greenstein, Scott Clements, David Chiu and Mike Watson. Causing something of a stir was Olympic swimming sensation Michael Phelps, who is interested in the game and mixed with entrants but did not participate in the tournament.
 
It was all Grospellier at the final table, with this talented player starting with a significant chip lead double that of his opponents and using it to steadily and aggressively eliminate everyone at the table until he faced Nam Le in the heads up with a 15 to 1 advantage, ensuring a swift end to the contest.
 
Grospellier took home the honours and a massive $1 411 015 paycheck, leaving Nam Le with a second placing payday of $943 215.
 
Grospellier became just the third person ever to score WPT and European Poker Tour titles, according to PT officials.  Gavin Griffin, a World Series of Poker bracelet holder, took down the Borgata Poker Classic during Season VI of the WPT and the 2007 EPT Monte Carlo Grand Final. Roland de Wolfe won the EPT Dublin stop in 2006 and the WPT Grand Prix de Paris during Season IV. Griffin is the only one of the three to have a World Series of Poker title.
 
The Foxwoods World Poker Finals, with a main event that kicks off on November 5th and runs until the 11th, is the next WPT stop.

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Gambling News :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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